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I’m tracking these updates with the #innerventuresupdate tag – you can find all of them by following the link. They all tie in with and add to the findings from my trend report which covers startup driven innovation in large corporates, corporate venturing efforts and the role of the intrapreneur. You can buy the report from iBooks or add a comment (which requires an email that no one will see) and I can provide a voucher for a FREE COPY :)

Match-Maker Ventures and Arthur D. Little have released an interesting report, titled “The Age of Collaboration“. The study does a good job in synthesizing the global state of play of corporate-startup collaboration and latest findings on success requirements for its implementation. Great summary in this post for the lazy.

1. INTERACTIONS MOVING EARLY STAGE

While most startup/corporate interactions used to begin at the negotiation table, corporations and startups increasingly recognize the benefits of earlier interactions. Corporations said that 67% now prefer working with startups at earlier stages, mainly “to explore new technologies and business models”.

2. INTERACTIONS WITH STARTUPS BECOMING “MISSION CRITICAL”

At an overwhelming 82%, corporations now view interactions with startups as “somewhat important” to “very important”, and 23% indicated that these interactions were “mission critical”. Innovation efforts, it seems, are no longer just nice-to-have programs within corporations.

3. CORPORATE INNOVATION MODELS ARE STILL IN THEIR INFANCY

While 86% of large organizations view innovation as crucial to their future, most of their current attempts to work with startups to further that objective are early stage, underfunded, and scattershot—such that 25% of corporations aren’t even sure how much they’re spending.

4. STRATEGIC FIT IS PARAMOUNT, BUT THE UNDERLYING GOALS VARY

Startups and corporations agree that “strategic fit” is by far the primary criterion for working together, but the way they interpret the term diverges significantly. Thus, a lost-in-translation problem sometimes persists, despite the best of intentions. This is exacerbated by remaining cultural issues within corporations: many are still struggling to re-organize themselves to enable productive interactions. Conversely, startups are persistent, but remain frustrated at the number of hoops to jump through.

5. MINDSET CHANGE— NO LONGER ‘US’ VS.‘THEM’

Startups are seeing corporations in a variety of roles—no longer are they cast solely as either “competitors” or “potential acquirers”. As the startup culture matures, founders are realizing that corporations have a lot of wisdom, experience, and resources to be leveraged, and that perhaps working with, rather than against them, could be the smarter way to go. Also, in a post-Uber and Airbnb world, startups realize that the power is not only with large corporations, and that leads them to be more selective with whom they choose to work. In fact working with corporations is shaping up to be a startup’s most powerful growth hack.

Corporate accelerators A growing number of innovation-hungry companies are taking inspiration from Silicon Valley: They are setting up accelerators that nurture start-ups. From Deloitte University Press.

Why This 22-Year-Old Company Thinks Like a Startup Trading Technologies is a global provider of technology solutions for the capital markets industry. In this video, CEO Rick Lane talks about how his 22-year-old company manages to stay nimble like a startup.

The art of the Side Hustle When your out-of-office hours are consumed by some sort of side-project, whether that’s writing a book, developing a new product, contributing to some philanthropic cause or some other, etc.

You can see other updates like this by checking out posts with the #innerventuresupdate tag as well as the original posts I curated under the #research tag which I then used in the InnerVentures trend report that you can find here: Trend Reports

Here it is below. Admittedly it is somewhat narrowly focused on acquisitions of tech companies as a means to extend their digital capabilities. Still, a strong indicator from a very powerful voice. The commentary below the slide came from the article where I first read about her latest report and I cannot be sure of the source but think it was TechCrunch.

Ties in nicely with the kinds of trends I was picking up in my my trend report which you can buy from iBooks or add a comment and I can provide a voucher for a FREE COPY :)

Meet C-Lab Space, Creative Lab’s New Heart of Innovation. Samsung Electronics has lifted the curtain on C-Lab Space, a complex dedicated to the C-Lab (Creative Lab) program, at the Samsung Digital City in Suwon, Korea. C-Lab is an internal program that aims to cultivate innovative projects and business ideas, and this new development will function as a venue for exchanging and building upon ideas.

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I gave this (i.e. the Fintech scene) special coverage in a separate section of my trend report.

Banks around the world are realising that in the rapidly developing world of smartphones and apps they are at risk of falling behind in the innovation race. Fresh-faced financial technology start-ups (fintechs) are coming up with new mobile-first services – payments, loans, money transfers, digital currencies – and threatening to steal customers, particularly younger ones.

This is why many old banks have been flirting with younger models in an effort to stay hip. But are such apparently mismatched relationships doomed to failure?